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20100205
20100205
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of weeks, barack obama has crossed a rubicon. he had a chance to get rid of ben bernanke and replace him with someone like john taylor. he had a chance to get rid of tim geithner. he didn't do that. >> okay, peter, it sounds like a series of things in your view. i have got leave it there. we have breaking news over at the breaking news desk. steve? >> thanks very much. we have talked to senator she y shelby's office. his office is telling us the senator shelby still believes that regulatory reform bill is still possible this year. they reveal there has been an area of agreement that we didn't know about that they agreed on the idea of a consolidated regulator. where the disagreement is over the issue of consumer protection. dodd wants consumer protection part of the agency to write its own rules. shelby said consumer protection rules must coordinate with safety and soundness. no agreement on resolution authority and other areas. dodd says there is an impasse that doesn't mean that regulatory reform is dead. shelby's office believes it is possible. >> tax issues, health care, still very
that as a new member, i sat as many of my colleagues did when we got a call from secretary paulson and bernanke in saying this guy was-- and we had to react in two days. so sometimes depending upon the issue of the reaction has to be different. babbitt you or do you not agree with the testimony of mr. scovell which are not just limited to rulemaking and now i have a minute and 47 seconds. >> in 15 seconds i get an a-plus on milestones for professionalism. training i get an incomplete and i get a b on fatigue. >> do you agree with his assessment? >> i agree with some of his assessments. >> look forward to your immediate reaction to them and i would say, i would rather see you come to us and be creative in think out of the box and maybe have to figure out how we can do things differently because i think the confidence of the american public is reducing every day that we delay, and i think there is room for us to think creatively and do it different and i look forward to helping you. >> thank you very much. i appreciate that. >> i thank the gentlelady and >> i thank the gentlelady and th from ohio
, 50 basis points or 100 basis points would be out of whack. >> did you see bernanke's swearing-in? >> i didn't.he president wasn't? >> how do you talk about transparency when you have a private swearing-in ceremony in apparently there is no legal standing for the swearing-in ceremony, because he was approved while he was still chairman. if the chairmanship expired, there would need to be a -- >> why would you need to see someone sworn in? you think he's actually going to swear? >> typically a president or a top official at some time -- >> but transparency, though. >> the most public fight over a fed chairman. >> the ceremonyial way. >> it's not a legal thing. >> you want him to answer questions that you pose him, you don't want to see the ceremony of someone swearing in, how did he look, what was his expression? was he worried? >> does it help he was in matter? >> i don't think it matters. >> this isn't what transparency was watched. i want to have watched it. i wouldn't have taken time out of my day to watch it. >> it shows you what a nerd you are. >> i don't want to be surpri
word that ben bernanke is set to testify. >> i'm sue herera. there are some bright spots. travelers, at&t, walmart and dupont are among the dow's 30 winners. >> ppl beat the street. the ceo will join us first on cnbc. tyson foods smashing analysts' estimates. ate na pushing higher. we should get to the market. >> i'm dennis neil. let's get straight to this market action. let's go to bob pisani. >> here's a couple of headlines here. stocks close in europe at 1130, the stock market droops here. the second time in a row. guys in europe are getting concerned. they want to lighten up. second thing that happened that's important here, is dollarle rallied at the exact same moment we had yesterday. of course, what happens when that happens? it puts pressure on commodities and puts pressure on commodity stocks. all the big names in energy and the material groups on the weak side. and sharon, we saw a heck of a lot of contracts traded in oil in the last hour and a half. >> that's right. over 400,000 contracts traded today, bob, and this is the second straight day of massive contracts and massive
and secretary geithner concerning bans on proprietary trading by banks. according to chairman bernanke of the federal reserve, ben own proprietary trading for commercial banks may not be constructive. dr. summers, chief economic advisor in the current administration in the past has been a vocal proponent removing glass-steagall restraints. is there something in this obama administration and among the regulators concerning the volcker rule and restricting size and if so, what process -- what was expressed there? >> thank you, senator shelby. that's obviously a very important question. the proposals that the president articulated with respect to size and scope two weeks ago were ones that were based on a consensus recommendation of all of his economic team. so -- and i think you've heard secretary geithner and director summers speak to that quite directly. i think with respect to the regulators they are, of course, independent and i feel slightly less comfortable expressing their views. but i do think that in the main they are also supportive of this and we will work with them and obviou
Search Results 0 to 4 of about 5

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